Tags: Trump Administration | Trump Tax Reform | trump | capital | gains | tax | cut

Trump Rules Out for Now Cutting Capital-Gains Taxes

Trump Rules Out for Now Cutting Capital-Gains Taxes
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Thursday, 12 September 2019 08:00 AM

U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said..

The Wall Street Journal reported earlier on Wednesday that Trump was meeting with advisers to discuss the possibility of lowering capital-gains taxes by indexing earnings to inflation.

Trump said last month that such a plan could be under consideration, before apparently reversing course, saying that indexing capital gains taxes to inflation could be perceived as elitist.

"President Trump was thoroughly briefed on the complex economic, legal and regulatory issues, and concluded that at this time he does not feel enough of the benefits will go to the middle class," White House spokesman Judd Deere said in a statement.

Tying capital gains taxes to the inflation rate could lower the taxes investors pay on profits from selling assets. 

© 2019 Thomson/Reuters. All rights reserved.

   
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U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said.
trump, capital, gains, tax, cut
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2019-00-12
Thursday, 12 September 2019 08:00 AM
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